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The Baltic Exchange main sea freight index rose 1.7% to 2,740 points on Thursday, its highest level since October 13. Capesize rates gained 2.3% to 4,191 points and Panamax rates rose 3.3% to 1,956 points, while the Supramax index fell 0.6%.
Iron ore prices also reached a one-month high.
Higher Capesize and Panamax rates raise the cost of moving bulk cargoes such as grains and soybeans, which can narrow origin-destination price spreads. The move is modest and driven by larger vessel segments, so the effect on feed ingredient prices is limited.
bairdmaritime.comReutersNov 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
